Are monopolies a natural product of capitalism?
• Monopolies occur in a capitalist system when one business interest grows extremely powerful over a certain sector of the market and is able to freeze out competition in the realm of its goods or services. • Monopolies are not unique to capitalism. • In socialist and communist systems, the government may hold numerous monopolies. • In a regulated capitalist system, monopolies are usually considered a barrier to free competition that should be avoided.
